- Lithia & Driveway press release ( NYSE: LAD ): Q4 Non-GAAP EPS of $9.05 misses by $1.21 .
- Revenue of $7B (+11.1% Y/Y) misses by $80M .
- New and used unit growth was 5% and 9%, respectively.
- Total vehicle gross profit per unit of $5,691, down $1,191.
- Driveway averaged more than 2 million monthly unique visitors in Q4.
- Driveway Finance penetration rate rose to over 13% in Q4, originated over $600M.
- Service, body, and parts revenues increased 18%.
- Adjusted SG&A as a percentage of gross profit was 62.8%.
For further details see:
Lithia & Driveway Non-GAAP EPS of $9.05 misses by $1.21, revenue of $7B misses by $80M